The USB union believes the decision to spend big on Ronaldo means that Fiat will be missing out on investment, explaining such a move is "unacceptable" while workers were making "huge economic sacrifices".

"Real Madrid C.F. communicates that, according to the will and request expressed by the player Cristiano Ronaldo, the club has agreed to transfer him to Juventus F.C", Real Madrid said in its statement.

Both the football club and the carmaker are controlled by the Agnelli family through their holding company. The union added: "The owners should invest in vehicle models that guarantee the future of thousands of people rather than enriching only one", the union said.

Ronaldo completed a sensational €100million switch to the Serie A champions earlier this week, bringing an end to his successful nine-season stay in Madrid. He has that now that: "I did it in England, I did it in Spain, I'm going to do it in Italy... and I did it with Portugal".

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